Highjinks, Inc., has provided the following budgeted data: Sales 20,000unitsSelling price$100per unitVariable expense$70per unitFixed expense$450,000 How many units would the company have to sell in order to have a net operating income equal to 5% of total sales dollars?
A. 15,333 units
B. 20,000 units
C. 14,286 units
D. 18,000 units
Answer: D
You might also like to view...
What is the legal process by which each party's attorneys try to gain information about the other side's case before the trial begins called?
a. pleading b. investigation c. discovery d. admission
When direct labor costs are recorded in a job costing:
A. Cost of Goods Manufactured is debited and Direct Labor is credited. B. Direct Labor and Indirect Labor are debited and Factory Wages Payable is credited. C. Work in Process Inventory is debited and Factory Overhead is credited. D. Work in Process Inventory is debited and Factory Wages Payable is credited. E. Factory Wages Payable is debited and Work in Process Inventory is credited.
Company A has a fixed cost of 75,000 and a variable cost of 15. Company B's fixed cost is 90,000 and variable cost is 11. At what point is Yowzah indifferent between the two bidders?
A) 3,250 B) 3,500 C) 3,750 D) 4,000
All of the following are exempt from registration under the 1933 Act except:
a. government bonds. b. securities issued by for-profit medical facilities. c. notes with a maturity of not more than nine months when issued for working capital. d. state-regulated insurance company annuities.